If you don't know this graph, then it's very grim. You know how CPI is a basket of observable prices of things they look at (rent, energy, goods, and so on)? Whether or not you agree on this basket is another topic altogether, and inconsequential anyway as long as the basket remains consistent across years.Well, just know that there's usually on this basket ~10% reserved to estimated/statistical prices instead of real observable ones.Suddenly this 10% is now 40% of the basket.I don't think I need to spell it to you what this means. You're a sound adult, you should understand.
>>61221351I worked ten years for a statistical government agency, we'd produce all kind of economic statistics for the public. Honestly like 10% of all surveys we sent out to businesses are ever completed accurately, we'd estimate and fill in the gaps everywhere else to get a figure to publish, we'd be told to "fit the trend" of the economy. It's all fake as fuck.
>>61221351What the fuck, so the CPI report under trump is just smoke and mirrors?
>>61221447Opposite
>>61221447When biden was president, they literally told us to make every non-reporting company's year over year revenue an increase of at least 5%.
>>61221351Please explain it to a retard who is genuinely interested in learning anon. How does it get to 40% and what does this mean? What should it be at?
>>6122171840% imputation means that 40% of the value of whatever cpi metric in the graph is a non-response estimate. Meaning they have no idea what the true value is and 40% of it is simply made up by the BLS. In my experience imputation of business firm revenue is calculated by taking their IRS payroll and multiplying it by the NAICS industry average ratio of payroll to revenue. Now as less and less firms fill out surveys, the ratio itself is built on nothing.In the past they'd make us go into each business record and enter the revenue by hand. We'd make up an estimate exactly like the computer did, but it didn't count as imputed because an "analyst" signed off on the data. My guess is that going forward the agencies aren't going to have the manpower to cook the books by hand so they'll just report higher imputation.
>>61221777Oh shit, so not only did it exceed 10%, but they don't even know what the 40% represents. Damn....thanks anon really appreciate it
>>61221777Checked and depression based.
>>61221351What I see is the government saving money on useless employees and lowering the deficit and paying off the debt.Ultimately, this will yield a more solid government and to a far stronger economy. To me this is a great signal.Have we not seen that the FED doesnt even need the BLS anymore to make its decisions?Full month of government blackout and no numbers on september and we still get a decision making FED. Thats how this will go forward in the future.
>>61222823>saving money on useless employeesIt's so rude of you to talk about food stamp recipients like that
>>61222823>>61222935Honestly most white collar government work like my former job is adult daycare that benefits the DMV region. We'd hassle companies to complete surveys, publish the data and nobody besides one or two academics would ever access the data.
>>61222823>lowering the deficit and paying off the debt.uhhhhhh... do we tell xer?
>>61223460yes, and one person with competent "computer skills" especially AI can do the job of 5 of those government DEI hires.Everyone in DC knows the government agencies are grossly incompetent, rife with petty graft and nepotism and low motivated sloths.
>>61222823>What I see is the government saving money on useless employees and lowering the deficit and paying off the debt
I was hoping to come back to this thread and see an actual explanation but I still don’t understand wtf this is exactly
>>61221470How is it the opposite? If they boosted to 40% as estimated vs real then it implies more smoke and mirrors, not less, no?
>>61221351This data is worthless now because it has been manipulated and cherry picked to hell and back. It's unreliable and doesn't tell you anything other than line go up, which is what they wanted you to see.
>>61221447yes>>61225247youre talking to shills
>>61225281>This data is worthlessthats the point anon
>>61221777>they'll just report higher imputation.maybe its because you explained it but this seems like too easy of a way to measure lying about the conomy
>>61225354well, did you know about it?
>>61225354>the lie is too obviousthats a new one
Australia is often a leading indicator for global inflation shifts, because its economy reacts quickly to commodity cycles & global liquidity flows. Australia is resource-heavy (energy, metals) price increases there often precede broader commodity inflation. Signals upward pressure on U.S. import & energy costs You’ve already noticed the “liquidity tension” brewing in U.S. funding markets (SOFR > IORB). Combine that w/ political pressure for lower rates & potential QE, & you get this dangerous combination. Liquidity flooding back into the system while global inflation is reawakening Australia’s consumer prices rose 3.2% in the third quarter, the strongest gain in more than a year. The increase topped the 2.1% rise in the second quarter and came in above the 3% forecast by economists polled by Reuters.
>>61221777That's an impressive amount of mental gymnastics just to explain why all the destruction trump has done to the government agencies isn't actually bad and it was actually worse under biden we just didn't know
>>61226451That's an impressive amount of mental gymnastics from you to take a firsthand account of how they have been cooking the books for years and say "No, but, Trump... le bad!"
>>61226481actually, cooking the books makes historical sense!!!
>>61226451The absolute state of shills
>>61221351>another jew demoralization threadNot working. >>61221401Lol yup.
